Inchcape PLC on Thursday noted a ‘limited tariff impact so far’, as it backed its full-year outlook.
The London-based car dealer said its operating performance so far in 2025 has been ‘resilient’, ahead of its half-year period end on June 30.
Americas saw continued improvement and growth, said Inchcape, with Europe & Africa achieving continued underlying market outperformance. However, it noted ongoing headwinds in certain Asian markets.
Total industry volume trends have been consistent across its markets, it said, with ‘limited tariff-related impact so far.’
Inchcape shares rose 5.8% to 720.50 pence on Wednesday morning in London, giving the firm a market capitalisation of £2.68 billion.
Contract wins boosted the companies’ strategic momentum, with it securing nine in the year-to-date. However, Inchcape noted continued headwinds in key currencies.
Looking to the full-year, Inchcape backed its financial 2025 outlook with it still expecting another year of growth, inclusive of anticipated tariff impacts. It noted that product cycles will skew growth to the second half of the financial year.
Higher earnings per share growth is being guided, with this owed to profit growth and share buybacks, said the company.
Inchcape is set to report its half-year earnings on July 29.
Copyright 2025 Alliance News Ltd. All Rights Reserved.